Sierra Summit Advisors LLC Purchases Shares of 8,906 Dutch Bros Inc. (NYSE:BROS)

Key Points

• Sierra Summit Advisors LLC has purchased a new stake in Dutch Bros Inc. (NYSE:BROS), acquiring 8,906 shares valued at approximately $550,000 during the first quarter.
• Various hedge funds, including Townsquare Capital and National Bank of Canada, have significantly increased their holdings in Dutch Bros, contributing to 85.54% of the company's stock being owned by institutional investors.
• Analysts have recently revised their price targets for Dutch Bros stock, with several firms rating it as a "buy" and setting target prices ranging from $76.00 to $84.00.

Sierra Summit Advisors LLC bought a new position in Dutch Bros Inc. (NYSE:BROS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,906 shares of the company's stock, valued at approximately $550,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BROS. AdvisorNet Financial Inc bought a new position in shares of Dutch Bros during the first quarter valued at approximately $31,000. Cullen Frost Bankers Inc. bought a new position in Dutch Bros in the first quarter worth $31,000. Coppell Advisory Solutions LLC raised its holdings in Dutch Bros by 638.6% in the fourth quarter. Coppell Advisory Solutions LLC now owns 517 shares of the company's stock worth $27,000 after purchasing an additional 447 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Dutch Bros in the fourth quarter worth $43,000. Finally, GAMMA Investing LLC raised its holdings in Dutch Bros by 85.3% in the first quarter. GAMMA Investing LLC now owns 821 shares of the company's stock worth $51,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company's stock.

Dutch Bros Price Performance

NYSE BROS traded down $1.60 during trading on Wednesday, hitting $67.23. 363,668 shares of the stock traded hands, compared to its average volume of 3,187,135. The company has a market capitalization of $11.06 billion, a P/E ratio of 142.42, a price-to-earnings-growth ratio of 4.29 and a beta of 2.63. The firm has a 50-day simple moving average of $65.83 and a 200-day simple moving average of $65.73. The company has a quick ratio of 1.42, a current ratio of 1.64 and a debt-to-equity ratio of 0.69. Dutch Bros Inc. has a 12-month low of $28.57 and a 12-month high of $86.88.

Dutch Bros (NYSE:BROS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $415.81 million for the quarter, compared to the consensus estimate of $403.24 million. Dutch Bros had a return on equity of 8.86% and a net margin of 3.94%. Dutch Bros's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. As a group, analysts predict that Dutch Bros Inc. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on BROS. Morgan Stanley reissued an "overweight" rating and issued a $84.00 target price (up from $80.00) on shares of Dutch Bros in a research note on Thursday, August 7th. Robert W. Baird increased their price objective on Dutch Bros from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Barclays increased their price objective on Dutch Bros from $84.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. CICC Research began coverage on Dutch Bros in a report on Monday, June 30th. They issued an "outperform" rating and a $80.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on Dutch Bros in a report on Thursday, June 26th. They issued a "neutral" rating and a $75.00 target price on the stock. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $77.82.

Insider Buying and Selling at Dutch Bros

In other Dutch Bros news, major shareholder Dm Individual Aggregator, Llc sold 159,254 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $10,641,352.28. Following the completion of the sale, the insider directly owned 1,940,245 shares in the company, valued at approximately $129,647,170.90. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Travis Boersma sold 722,841 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $66.82, for a total value of $48,300,235.62. Following the completion of the sale, the chairman owned 1,940,245 shares of the company's stock, valued at $129,647,170.90. This represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,465,214 shares of company stock valued at $237,721,138 over the last quarter. Company insiders own 42.40% of the company's stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.